What's your total annual income - anonymous poll

[cupid_stunt]

You'd think so wouldn't you? Except that's how you 'buy' a car these days apparently. Car companies are really just finance companies. That's where their margins are.

It's not how you 'buy' a car these days, that is leasing a car.

When my brother retired and lost his company car, he brought a brand new car, paid cash, none of that messing around. You can also buy a car using a loan from a bank or finance company, when you've finished paying for it, it's yours.

Whilst a lot of people opt for leasing, many don't, buying and leasing are two very different things.

 

[JimW]

Hard to give an exact figure as I freelance and it varies wildly, but think it'll be less that the equivalent of GBP20 k annually these past few years, then we have what MrsW makes from her tea business which is definitely a handy income stream as we're missing it badly now all the markets she does are off due to Covid. Rent is cheap by UK standards but have to pay for kid's education as can't get them into public system as a foreigner/non-local couple; we've seriously considering moving down to Fujian where they would have that entitlement as it's a good half of our household expenses.

 

[cesare]

It's not how you 'buy' a car these days, that is leasing a car.

When my brother retired and lost his company car, he brought a brand new car, paid cash, none of that messing around. You can also buy a car using a loan from a bank or finance company, when you've finished paying for it, it's yours.

You can also buy a car using autotrader (v trad but best have a mate to check it out)

You wouldn't go to leasing as your first option for sure.

 

[seeformiles]

None of your beeswax. All I can say is that I pimp out your mum and it doesn't earn me much at all

Are you my dad come back from the dead?

 

[cupid_stunt]

Our three bed house in Brighton...

I didn't know you were in Brighton, <waves from along the coast, in Sunny Worthing>.

 

[UnderOpenSky]

That makes me wise.? No it makes me lucky.

Our three bed house in Brighton is probably market valued at about £500k +. It cost us £110k 22 and a bit years ago.

To be clear we have done nothing to 'earn' a near 500% increase in its supposed worth over those years.The whole over emphasis on 'you've got to get on the property ladder/own your own home' situation is stupid and antisocial.

Maybe running a cheap car makes me a little bit smart, but I'd rather have effective, affordable public transport and access to an appropriate vehicle through some sort of car share scheme as and when we needed it.

Cheers - Louis MacNeice

It's pure luck. A recent pay rise means I now earn more then I ever had, but still below the UK median it appears. However my mortgage payments are much smaller then when we'd pay in rent so which makes a huge difference. I'm aware that makes me really fortunate, but not something I earned.

 

[Louis MacNeice]

I hadn't trigged you were in Brighton, <waves from along the coast, in Sunny Worthing>.

I grew up in Worthing (from 7 to 22) and my aged parents still live there. I didn't like it and I still don't.

On the other hand some of the people who live there are absolutely wonderful.

Cheers - Louis MacNeice

 

[Louis MacNeice]

None of your beeswax.

Another embarrassed 1%er!

Cheers - Louis MacNeice

 

[Sasaferrato]

Sat opposite me right now is Frau Bahn's mum, pre-retirement she was an inspector for HMRC, she busted Ken Dodd, so yeah, we're OK at 'paying exactly what we should and no more' type shit.

Ken Dodd was not found guilty of any offence. His accounts were chaotic, but stacked up when examined.

 

[MickiQ]

It's not how you 'buy' a car these days, that is leasing a car.

When my brother retired and lost his company car, he brought a brand new car, paid cash, none of that messing around. You can also buy a car using a loan from a bank or finance company, when you've finished paying for it, it's yours.

Whilst a lot of people opt for leasing, many don't, buying and leasing are two very different things.

I've always paid cash for a car (well usually building society cheque), I've never had a new one though always gone for a good quality second hand one around the 3 year old mark. The amount of money a new car loses in it's first 12 months of life just scares me.

 

[cupid_stunt]

I grew up in Worthing (from 7 to 22) and my aged parents still live there. I didn't like it and I still don't.

On the other hand some of the people who live there are absolutely wonderful.

Cheers - Louis MacNeice

It's changed a lot since I moved here about 20 years ago, Labour has even taken control of the borough council, I never expected the Tories to ever lose it.

 

[Elpenor]

It's not how you 'buy' a car these days, that is leasing a car.

When my brother retired and lost his company car, he brought a brand new car, paid cash, none of that messing around. You can also buy a car using a loan from a bank or finance company, when you've finished paying for it, it's yours.

Whilst a lot of people opt for leasing, many don't, buying and leasing are two very different things.

When I bought my (8 year old) car 5 years ago I got a loan for the money, overpaid it as interest rate was higher than my mortgage and credit card debt and paid it off within a year. Not sure I could manage that now tbh.

 

[cesare]

I've always paid cash for a car (well usually building society cheque), I've never had a new one though always gone for a good quality second hand one around the 3 year old mark. The amount of money a new car loses in it's first 12 months of life just scares me.

No one in their right mind buys a brand-new car!

Edit: my folks bought this one in 2008, about 5 years old. Low mileage since and full-service history. It's getting old now but has done us well.

 

[strung out]

Ken Dodd was not found guilty of any offence. His accounts were chaotic, but stacked up when examined.

I believe things got even more chaotic after his father's pooch passed away.

 

[Kevbad the Bad]

When I bought my (8 year old) car 5 years ago I got a loan for the money, overpaid it as interest rate was higher than my mortgage and credit card debt and paid it off within a year. Not sure I could manage that now tbh.

That's crazy. Eight year old's are far too young to drive cars.

 

[Looby]

You can also buy a car using autotrader (v trad but best have a mate to check it out)

You wouldn't go to leasing as your first option for sure.

Loads of people lease as their first option.
Many employers (including local authorities and NHS trusts plus some govt departments) have deals with lease companies and some don’t want to own a car outright.

If you can afford the monthly payment it’s a hassle free way of running car. Almost all costs are included, the dealer services it. Yes you do have to monitor your mileage and you will have to make good any significant damage but it’s still worth it for lots of people.

I’ve got a car on PCP. I love it, it’s worth it for me and I don’t really get the judgment tbh.

 

[Athos]

I believe things got even more chaotic after his father's pooch passed away.

Ken Dodd's dad's dog's dead?!

 

[mentalchik]

It's depressing looking at the poll and realising most people really do earn more money than I do.

same as....the majority on the poll earn plenty more than myself.....such is working in retail

 

[mentalchik]

Come out with just over 16k a year, work 40-45 hours a week

find it a bit amusing that some are suprised......

 

[UnderOpenSky]

Loads of people lease as their first option.
Many employers (including local authorities and NHS trusts plus some govt departments) have deals with lease companies and some don’t want to own a car outright.

If you can afford the monthly payment it’s a hassle free way of running car. Almost all costs are included, the dealer services it. Yes you do have to monitor your mileage and you will have to make good any significant damage but it’s still worth it for lots of people.

I’ve got a car on PCP. I love it, it’s worth it for me and I don’t really get the judgment tbh.

After having a really rough few years with second hand cars I can see why it would appeal.

 

[cesare]

Loads of people lease as their first option.
Many employers (including local authorities and NHS trusts plus some govt departments) have deals with lease companies and some don’t want to own a car outright.

If you can afford the monthly payment it’s a hassle free way of running car. Almost all costs are included, the dealer services it. Yes you do have to monitor your mileage and you will have to make good any significant damage but it’s still worth it for lots of people.

I’ve got a car on PCP. I love it, it’s worth it for me and I don’t really get the judgment tbh.

Good that it's right for you of course. But SpookyFrank sounds against it, that's how it came up. I'm not judging you, you go for what's right for you. I'm not that keen on hire-purchase equivalents but that's just me.

 

[Elpenor]

Come out with just over 16k a year, work 40-45 hours a week

Is that a net amount? Just as you say “come out” it implies that it is

 

[Bahnhof Strasse]

Ken Dodd was not found guilty of any offence. His accounts were chaotic, but stacked up when examined.

I never said she was any good…

 

[Athos]

If you want a new car every three years (because e.g. you never need an MOT, are never out of warranty, and always have the latest in safety, fuel economy, emissions, and performance), then PCP just about makes sense insofar as you can a small deposit and low monthly payments (as long a you can get a high enough mileage limit, and get gap insurance). Dealerships want to sell finance, so you'll get a bit more off the price/get servicing included by going down that route. And it saves the grief of having to sell a car.

 

[mentalchik]

Is that a net amount? Just as you say “come out” it implies that it is

It's after tax
plus being on a pound above minimum wage means plenty of people on less for the same sort of hours..........huge numbers of people are nowhere near the median

 

[Looby]

Good that it's right for you of course. But SpookyFrank sounds against it, that's how it came up. I'm not judging you, you go for what's right for you. I'm not that keen on hire-purchase equivalents but that's just me.

I was responding to the suggestion that leasing wouldn’t be someone’s first choice. It is, often. That was my point.

You then said no-one in their right might would buy a new car. That’s judgment.
It’s fine, we all judge and it doesn’t bother me.

 

[Orang Utan]

A lot of people who are a lot more comfortable than me on paper, often don't seem to feel comfortable. There's always something else to think you need I guess.

A lot of people spend a lot of money on payments for their car(s), on a system that incentives trading in for a newer model every few years but leaves you never actually being out of hock, or owning the car you drive. Me, I have a 20 year old hatchback and you have to bury the gas pedal to get it going at the lights but I paid cash up front and it's mine. And if it dies or I crash it, I don't have to keep paying some other cunt for it until 2038.

people also have expensive all-consuming hobbies, such as children

 

[Elpenor]

It's after tax
plus being on a pound above minimum wage means plenty of people on less for the same sort of hours..........huge numbers of people are nowhere near the median

Thanks, you're right that gross and net will not be that far apart for the low paid

 

[weepiper]

My take home pay is £17k for full time hours but it gets topped up to just shy of £30k with Universal Credit because I am a single mum. That's before rent which is £850 a month and I am supporting two teenage kids at home and another one away at university during the week and home at the weekends off the rest.

 

[Sasaferrato]

I never said she was any good…

Second LOL! of the day!